Retailers Say A Ton Of Customers Are Using Apple Pay — And Other Mobile Wallets Too
For years, tech companies have dreamed of a future in which people ditch their wallets and pay for things with their smartphones. And for years, that has not happened. But Apple (AAPL) may be on to something. In the three weeks since the company released Apple Pay, its first stab at a mobile wallet, some major retailers are seeing […]
Chen Lin Says Gold Miners Need To Produce At $1,000/oz Or Less To Survive
How low can gold go? Chen Lin expects a probable near-term low of $1,000/ounce. The author of the What is Chen Buying? What is Chen Selling? newsletter says that at that price we can expect a bloodbath of companies, both large and small. Gold cannot be kept down forever, however, and once the bottom is in, those […]
Big Shooting Star Action On Apple
TM Editorial Update: Many readers wrote in asking about the “mysterious 117.28 trade.” It turns out the trade did not happen. It was an artifact of the options market that looked as if someone had bought $1.26 million worth of Apple for 2% above market price. No such trade occurred. This phantom trade however was posted as […]
E ADRs Best & Worst – November 17, 2014
The best scoring ADRs from one year ago (11/18/2013) returned an average 2.73%, 3.79% better than the MSCI EAFE index (EFA). The best performing from our list one year ago have been SIG up 57%, SHPG up 51%, TTM Up 44%, and RDY up 42%. The average ADR score is 48.07, below the four week […]
Miners Approaching Resistance
There are a couple of hurdles miners (by way of the GDX fund) need to get past in order to not simply roll over yet again and flop lower: $19.57 at the gap (lower arrow) and overhead supply at 20.05 (the upper arrow). I have no position, but I’m skeptical; I think miners are about […]
Emerging Markets Embracing Apple
Apple Inc. (NASDAQ:AAPL) hit a fresh 52-week high on Friday and is showing no sign of reversing. The stock is in the midst of an impressive rally, and is generating a fresh wave of excitement among investors and analysts as the holiday season enters. With demand for the new flagship IPhones reaching unprecedented levels, many […]
Use This Secret To Be A Better Investor
Source: Wikipedia Dear Diary, We remind readers that we can’t reply directly to every piece of correspondence to the Diary. But we read everything that comes to us. We’d like to reply, but often we don’t have a good answer to the suggestions, questions and complaints that come our way. There are surely more things in heaven […]
The Economics Of Disney’s Frozen
“Frozen fever” largely passed over my house. As the father of two young boys, I’m a lot more likely to have Teenage Mutuant Ninja Turtles playing on my living room TV. Still, even my rowdy boys have watched Frozen a few times, and I’ve caught my wife singing Let It Go more than once. Frozen is the highest-grossing animated movie in history – bringing in […]
Bloomberg Erroneously Reports Fairholme Sells Fannie Common
This is pretty bad………. From the 13F-HR footnotes on Fairholme’s SEC filing…. For purposes of this Form 13F-HR for the third quarter of 2014, the filer is not disclosing its holdings in both Federal Home Loan Mortgage Corp and Federal National Mortgage Association, because such securities are not included on the Official List of Section 13(f) (full list) securities […]
Mission Accomplished: Stocks & Homeless Kids Hit All-Time Highs
Guest Post By Simon Black via Sovereign Man blog Something is dreadfully wrong with this picture. In a report just released today by the National Center on Family Homelessness, a team of academics has demonstrated that the number of homeless children in the Land of the Free now stands at 2.5 million. This is far […]
